Consumer Sector Update for 05/14/2019: FIZZ, ENR, RL

Consumer stocks were climbing this afternoon, with shares of consumer staples companies in the S&P 500 gaining 1% while shares of consumer discretionary firms in the S&P 500 were ahead 1.4%.

Among consumer stocks moving on news:

(-) National Beverage ( FIZZ ) tumbled 6% after Jefferies began analyst coverage of the soft-drink company with an underperform stock rating and a $45 price target.

In other sector news:

(+) Energizer Holdings ( ENR ) rose 6%. Citigroup raised its rating on the household battery company to buy from neutral and lifted its price target to $54 from $50.

(-) Ralph Lauren ( RL ) was down about 4% this afternoon. The apparel company reported a 7% drop in North America revenue during its fiscal Q4 ended March 30 to $708 million while comparable retail store sales slowed by 4% from the year-ago period, upstaging better-than-expected Q4 net income and sales.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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